Bitcoin’s Inverse Yen Link Deepens to -0.90: Unpacking Macro Shifts & Carry Trade Fallacies
Bitcoin’s price has recently exhibited an unusually strong negative correlation with the dollar-yen (USD/JPY) exchange rate, reaching a 52-week rolling coefficient of -0.90. This profound inverse relationship, where the Japanese yen’s weakening against the U.S. dollar often coincides with a drop in Bitcoin’s value, is significantly impacting market perceptions and challenging long-held financial theories, particularly … Read more

